It's great that you're considering your options for attracting a broader range of tenants!

We had a 2.5 months of inventory in September 2024 that is up from a 1.5 months supply of inventory back in February 2024.

You are very likely to get in the range of $1,300-$1,400 if that is the market.

Quote from @Patricia Andriolo-Bull: If you don't mind non-waterfront, there are a few places in Marco Island around that price range.  

**Not sure if this graph loaded properly**  The main factor leading to the drop in multifamily sales prices could be the increase in inventory (33%) in 2024 compared to last year. 

The IRS views the houses as inventory.

It'll return back to normal in another 6 mos to a year where the occupancy will be in that 70% range and you'll see nice and steady growth. 

Please feel free to connect and we can set up a time to talk further and get you our off market inventory of New Construction investment properties, in multiple markets.Best of luck

Local Economic Indicators: Monitor local employment rates, population growth, and housing inventory to time your deals correctly.

These agents have access to a large inventory of bank-owned properties and can provide valuable insights into the local market.If you follow these steps, you'll be well on your way to successfully fixing and flipping REO properties.